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Blossom Corporation's comparative balance sheets are presented below. Blossom Corporation Comparative Balance Sheets December 31 2025 2024 Cash $16,850 $11,400 Accounts receivable 21,300 24,500 Land
Blossom Corporation's comparative balance sheets are presented below. Blossom Corporation Comparative Balance Sheets December 31 2025 2024 Cash $16,850 $11,400 Accounts receivable 21,300 24,500 Land 20,000 27,400 Buildings 90,000 90,000 Accumulated depreciation-buildings (16,000) (11,800) Total $132,150 $141,500 Accounts payable $12,050 $31.300 Common stock 65,000 60,000 Retained earnings 55,100 50,200 Total $132,150 $141,500 Additional information: 1. Net income was $24,000. Dividends declared and paid were $19.100. 2. 3. No noncash investing and financing activities occurred during 2025. The land was sold for cash of $4,800. (a) Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows - Indirect Method December 31, 2025 Cach Flour from Operating Activition
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